Hollywood actress Reese Witherspoon’s Hello Sunshine production house was officially sold for $ 900 million to a media company backed by Blackstone Group Inc. The Wall Street Journal first reported the Hello Sunshine sale. .
According to the WSJ, Witherspoon said in a statement, âToday marks a great time for Hello Sunshine. I started this company to change the way all women are seen in the media over the past few years. seen our mission thrive through books, television, movies and social platforms. Today, we are taking a big step forward by partnering with Blackstone, which will allow us to tell even more impactful, entertaining and nominative on the lives of women around the world.
Hello Sunshine was founded in 2016. Witherspoon and Sarah Harden, CEO of the company, will join the board of directors of the new company and will also oversee the day-to-day operations. According to the WSJ, Blackstone paid more than $ 500 million in cash to buy shares in Hello Sunshine.
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